Rafferty Asset Management LLC Raises Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Rafferty Asset Management LLC increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 530 shares of the medical instruments supplier’s stock after buying an additional 11 shares during the quarter. Rafferty Asset Management LLC’s holdings in Mettler-Toledo International were worth $734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Mercantile Trust Co. grew its holdings in shares of Mettler-Toledo International by 6.0% during the second quarter. First Mercantile Trust Co. now owns 620 shares of the medical instruments supplier’s stock worth $859,000 after buying an additional 35 shares during the last quarter. FFT Wealth Management LLC purchased a new position in shares of Mettler-Toledo International during the second quarter worth about $32,000. Stelac Advisory Services LLC purchased a new position in shares of Mettler-Toledo International during the second quarter worth about $1,673,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Mettler-Toledo International by 1.9% during the second quarter. O Shaughnessy Asset Management LLC now owns 1,503 shares of the medical instruments supplier’s stock worth $2,081,000 after buying an additional 28 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Mettler-Toledo International by 11.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,339 shares of the medical instruments supplier’s stock worth $6,011,000 after buying an additional 435 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Mettler-Toledo International from $1,350.00 to $1,500.00 and gave the stock an “equal weight” rating in a report on Friday, July 30th. Robert W. Baird raised their price objective on shares of Mettler-Toledo International from $1,303.00 to $1,455.00 and gave the company a “neutral” rating in a research report on Friday, July 30th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,195.71.

MTD stock opened at $1,535.38 on Wednesday. The firm has a 50 day moving average of $1,523.68 and a 200-day moving average of $1,354.75. Mettler-Toledo International Inc. has a 12-month low of $947.03 and a 12-month high of $1,626.62. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 8.37. The company has a market cap of $35.49 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 2.86 and a beta of 1.00.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 29th. The medical instruments supplier reported $8.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $7.64 by $0.46. Mettler-Toledo International had a net margin of 20.51% and a return on equity of 263.52%. The company had revenue of $924.35 million during the quarter, compared to the consensus estimate of $879.96 million. During the same period last year, the firm earned $5.29 EPS. Sell-side analysts forecast that Mettler-Toledo International Inc. will post 32.86 earnings per share for the current fiscal year.

In related news, Director Wah-Hui Chu sold 60 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, August 13th. The stock was sold at an average price of $1,528.00, for a total transaction of $91,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas P. Salice sold 10,000 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $1,483.05, for a total value of $14,830,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,096 shares of company stock valued at $50,014,662. Insiders own 3.00% of the company’s stock.

Mettler-Toledo International Profile

Mettler-Toledo International, Inc is a supplier of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and also, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.

See Also: How can investors benefit from after-hours trading?

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.